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Stock Prices

ASAN

Piper Sandler analyst Brent Bracelin has reiterated an Underweight rating on Asana (NYSE:ASAN) and maintained a price target of $16.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:38 am

MDB

Piper Sandler analyst Brent Bracelin has maintained an Overweight rating on MongoDB (NASDAQ:MDB) and increased the price target from $425 to $500. This adjustment reflects a positive outlook on the company's stock performance.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:35 am

JG

Aurora Mobile Limited (NASDAQ:JG) announced an adjustment to the ratio of its American depositary shares (ADSs), effectively executing a one-for-twenty reverse ADS split. Initially set for December 6, 2023, the change will now take effect on December 11, 2023. The adjustment changes the ratio from three ADSs representing two Class A common shares to three ADSs for forty Class A common shares. This reverse split will not affect the underlying Class A common shares, and no shares will be issued or cancelled. ADS holders will exchange twenty ADSs for one new ADS, with The Bank of New York Mellon facilitating the exchange. Aurora Mobile's ADSs will continue trading on the Nasdaq under the ticker 'JG'.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 9:13 am

BTCUSD

DOGEUSD

ETHUSD

SHIBUSD

Dogecoin (DOGE) surged 17% to reach $0.10, outperforming Shiba Inu (SHIB), Bitcoin (BTC), and Ethereum (ETH) in 24-hour gains. The rise coincides with Dogecoin's tenth anniversary and a significant increase in social media presence. SHIB, BTC, and ETH saw smaller gains of 11%, 5%, and 2% respectively. Dogecoin's trading volume also jumped by over 50%. A crypto analyst predicted a potential 700% increase in Dogecoin's value by July 2024.

Portfolio Pulse from Mehab Qureshi

December 06, 2023 | 7:40 am

SN

SharkNinja, Inc. (NYSE:SN) has announced the pricing of a secondary offering of 6,095,169 ordinary shares at $47 per share by selling shareholders affiliated with Xuning Wang and CDH Investments. An additional option for underwriters to purchase up to 914,275 shares is granted by the CDH Investments affiliate. The offering is expected to close on December 8, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:39 am

PBTS

Powerbridge Technologies Co., Ltd. has received a notification from Nasdaq regarding a deficiency in meeting the minimum bid price requirement. The company's stock has been trading below the required $1.00 minimum bid price for the last 30 consecutive business days. Powerbridge Technologies is required to regain compliance within 180 calendar days, or by September 12, 2023. If the company does not achieve compliance by this deadline, it may be eligible for an additional 180-day grace period if it meets all other listing requirements. The company intends to monitor the bid price for its common shares and may, if appropriate, consider implementing available options to regain compliance.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:30 am

AMZN

Amazon Inc. (NASDAQ:AMZN) is experiencing a surge in employee resignations, particularly in its Amazon Web Services (AWS) division, due to dissatisfaction with its rigid return-to-office policy. Despite claims from an Amazon spokesperson that attrition rates are at a multi-year low and the policy has boosted energy and collaboration, employees are leaving notes of discontent on internal channels. The policy, which requires staff to work from their team hub at least three days a week, has been controversial since its enforcement earlier in 2023. Employee attrition poses a challenge for AWS amidst slowing growth and missed sales targets.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 7:18 am

ARKK

BLK

GBTC

JPM

Asset managers are preparing for Bitcoin acquisitions in anticipation of Bitcoin ETFs, with Moody's Analytics director Yiannis Giokas attributing the recent Bitcoin price surge to the expected SEC approval of these ETFs. Bloomberg predicts a 90% chance of approval by Jan. 10. Discussions involve major players like Blackrock, Ark Invest, and Grayscale Investments. While some industry insiders expect a capital influx post-ETF launch, JPMorgan warns of potential price pressure. Bitcoin's price has recently surpassed $41,000, with analysts suggesting a 'Buy the rumor, sell the news' scenario.

Portfolio Pulse from Benzinga Neuro

December 06, 2023 | 7:12 am

UMC

United Microelectronics (UMC) reported a 16.67% year-over-year decline in sales for November 2023, with revenues dropping from NT$22,545,442 thousand to NT$18,787,670 thousand. From January to November 2023, the company experienced a 20.25% decrease in sales compared to the same period in 2022.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 6:45 am

ASAN

CPB

GME

S

THO

U.S. stock futures are trading higher, with focus on Campbell Soup (CPB), Asana (ASAN), THOR Industries (THO), SentinelOne (S), and GameStop (GME) based on earnings reports and forecasts. CPB is expected to report earnings with a slight gain in after-hours trading. ASAN posted strong results but saw a decline in after-hours trading. THO is anticipated to report earnings with a gain in after-hours trading. S reported better-than-expected results and raised its revenue outlook, leading to a surge in after-hours trading. GME is expected to post a quarterly loss with a slight gain in after-hours trading.

Portfolio Pulse from Lisa Levin

December 06, 2023 | 6:36 am